Dealer News

GemCap provided a $7.5 million leverage facility for FlexPath Capital, which focuses on independent auto dealerships. “I’ve watched FlexPath over seven years and seen them evolve into a full-spectrum auto…
Michigan drivers would be able to register any vehicle or transfer a title at their local dealership under new legislation introduced by state Sen. Roger Victory. “This is about creating…
Black Book announced a new data integration with HopDrive, a specialist in concierge vehicle pickup and delivery for dealerships and customers. Black Book data is now being integrated with HopDrive’s…
BMW of North America recently reported Q2 2021 sales of 96,561 BMW vehicles in the U.S., an 89.5% increase compared to the same period last year, and a 15% increase…
Legislation in Michigan that would provide better flexibility for Class A and Class B car dealers to run their business was approved recently by the state House Committee on Regulatory…
MOBI’s Finance, Securitization and Smart Contracts Working Group has released blockchain-based standards to make the vehicle finance process easier and more transparent for lenders, manufacturers, dealers, and consumers.Implementing blockchain in…
New J.D. Power data reveals a slight decline – 0.2% – in wholesale prices for the first time in 25 weeks. Wholesale prices had increased 30% during the past year,…
U.S. automotive retail is struggling to find enough employees for dealerships to be fully staffed, much less meet their 2021 growth goals. The 2021 Cox Automotive Dealership Staffing Study published…
On World Elder Abuse Awareness Day, Washington D.C. Attorney General Karl Racine announced action against a Maryland car dealership that financially exploited an 86-year-old customer. The Office of the Attorney…